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Bullboard - Stock Discussion Forum PyroGenesis Inc T.PYR

Alternate Symbol(s):  PYRGF

PyroGenesis Inc., formerly PyroGenesis Canada Inc., is a Canada-based high-tech company. The Company is engaged in the design, development, manufacture and commercialization of advanced plasma processes and sustainable solutions which reduce greenhouse gases (GHG). The Company has created proprietary, patented and advanced plasma technologies that are used in four markets: iron ore... see more

TSX:PYR - Post Discussion

PyroGenesis Inc > Forget why Simo left, why did Curleigh come back?
View:
Post by tamaracktop on May 25, 2024 10:10am

Forget why Simo left, why did Curleigh come back?

He'd been gone for 4 years.

MONTREAL, Feb. 08, 2023 (GLOBE NEWSWIRE) --

PyroGenesis Canada Inc. (https://pyrogenesis.com) (TSX: PYR) (NASDAQ: PYR) (FRA: 8PY), a TSX30® and a Deloitte Technology Fast 50™ high-tech company, is pleased to announce today that Mr. Alan Curleigh is returning...

“On behalf of the Board of Directors and myself, I would like to extend a warm welcome to Mr. Curleigh on his return to PyroGenesis. Mr. Curleigh has the deepest respect of PyroGenesis’ management team, most of whom have worked closely with him until his departure as Chair in 2019 after a 9-year tenure. His history with the team will allow for an easy transition of leadership governance,” said Mr. P. Peter Pascali, CEO and President of the Board. “As much as I liked being the Chair, I always looked at it as an interim position as I believe the Chair would be better served by an independent director, and who better than the one who has served us well before. We feel very fortunate that the opportunity arose whereby Mr. Alan Curleigh’s diverse skill set, and extensive international business experience will once again complement our existing leadership. We have no doubt he will be instrumental in our success in pursuing our goal to be the leading innovator and provider of greenhouse gases emission reduction, and energy transition technologies, to heavy industry.”

What auspicious timing.

Great timing in fact.

Curleigh is the "co-defendant" in the AMF matter.

He'd been gone for quite a while.

Maybe Pyrogenesis lured him back with a promise to pay his legals... or maybe he came back to spend more time with PP so they could get their stories straight. 

lolololo - just kidding

Comment by tamaracktop on May 25, 2024 10:29am
Although it does seem  very coincidental that the company divulged the AMF investigation for the very first time only 13 days later: MONTREAL, Feb. 21, 2023 (GLOBE NEWSWIRE) -- Regulatory Matters The Company announces that on February 17, 2023, the Company received a motion from the Autorit des marchs financiers (the “AMF”), the securities regulatory authority in the Province of Qubec ...more  
Comment by tamaracktop on May 25, 2024 10:44am
So, in a nutshell, Mr Curleigh resigns in 2019, after being with the company for nine years. The AMF launches an investigation into what it thinks may be shady dealings transacted in 2018. Mr Curleigh comes back in 2023. The Company announces that the AMF is investigating PP and Mr Curleigh two weeks later.
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